Shouldn’t Doppler 'De-boosting' be accounted for in calculations of intrinsic luminosity of Standard Candles?

"Doppler boosting / de-boosting" is a well-known relativistic effect that alters the apparent luminosity of approaching/receding radiation sources. "Doppler boosting" alters the apparent luminosity of approaching light sources to appear brighter, while "Doppler de-boosting" alters the apparent luminosity of receding light sources to appear fainter. While "Doppler boosting / de-boosting" has been successfully accounted for and observed in relativistic jets of AGN, double white dwarfs, in search of exoplanets and stars in binary systems it was ignored in the establishment of Standard Candles for cosmological distances. A Standard Candle adjustment appears necessary for "Doppler de-boosting" for high Z, otherwise we would incorrectly assume that Standard Candles appear dimmer, not because of "Doppler de-boosting" but because of the excessive distance, which would affect the entire Standard Candles ladder at cosmological distances. The ratio between apparent (L) and intrinsic (Lo) luminosities as a function of redshift Z and spectral index α is given by the formula ℳ(Z) = L/Lo=(Z+1)^(α-3) and for Type Ia supernova as ℳ(Z) = L/Lo=(Z+1)^(-2). These formulas are obtained within the framework of Special Relativity and may require adjustments within the General Relativity framework.